The recent economic data in the United States have been impressive. Non-farm payrolls and ADP employment data have exceeded expectations. Manufacturing PMI and factory orders have also sent signals of a strong economy. This is giving some institutions reason to make more conservative expectations for the Federal Reserve's interest rate cut policy this year. It also It will bring some short-term valuation adjustment pressure, but this will only be a short-term phenomenon.
Strong economic data will provide more price support to risk markets. At the same time, the inflationary pressure brought about by the recent rise in oil prices will simultaneously intensify the above phenomenon.
📊 From the data point of view, market funds continue to be stable and abundant (good for bulls to attack), $BTC chips tend to be concentrated on bulls, the market is beginning to be optimistic, and it should be noted that there may be a correction after a surge. In terms of operation, it is still recommended to buy on dips.
If March CPI and PPI data do not drop as expected this week, it may bring short-term pressure.
